The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-06
CONDITION OF THE MARKETS
The Coal Shares Continue the Leading
Feature on the New York Exchange.
Bullish Feeling Still Prevails, Though the
Conservative Dealers Anticipate Reac-
tiOn-The Market Closes Strong
MONEY, BONDS AND STOCKS.

An Increase in Commission Business-The
Coal Stocks the Feature of the Day.
NEW YORK, April 5-Money on call loaned
at507 per cent. closing offered at
Prime mercantile paper. sac per cent.
Sterling exchange was dull but steady and
Unchanged.
The total sales of stocks to-day were 523, $40
shares, including the following Canada South
srn. 1926; Delaware. Lackawanna & Western,
1920; Erie, l3, $50; Kansas e. Texas. ii, $50;
Lake .Shore, $3.50; Louisville & Nashville. l5,-
$50: Memphis g. Charleston, 1000; Northwestern,
Lass; New Jersey Central. $780, Oregon and
Transcontinental, 1886; Pacific Mail, 1888;
Reading, 147, 155; ST. Paul. 16 375 Texas Pacific.
S704; Union Pacific, 50O5; Western Union, %, 800.
Todays stock market was much like that of
Yesterday, although it failed to reach the heavy
total Of that day. There was no news of inn
portance which could have any effect upon
values. The bullish feeling showed no abate
ment notwithstanding tho fact that conserva-
tive element is looking for reaction, and the
heavy realization of the forenoon which pro-
duced temporary decline. London. while not
doing much, was a larger seller than buyer up
to the last hour, and while business from Chit
caeo was very light an increase in general com
mission business was noticed. The coal stocks
were the special features again, and while the
story OF an Adjustment or the UlEerenceS De-
tween Jersey Central and Reading fell to the
ground, it is understood that negotiations to
that end are In progress, and both stocks were
particularly strong to-day. There was little
doing among the grangers and trunk lines, but
Western Union was active and strong especially
late in the day. few of the specialties
were notable for their strength among
which Memphis e. Charleston and Denver
& Rio Grande Western were most con-
spicuous. The selling in the morning
was for both long and short account. but the
strength displayed late in the day induced ex-
tensive covering. There was an irregular open
ing, though changes from last evenings final
hgures in case exceeded per cent The
market was feverisn and unsettled but generally
heavy in the forenoon Lackawanna, however,
was a conspicuous exception to this, and it was
Joined by Jersey Central toward noon. After
that time the market became strong throughout,
Reading becoming prominent, and later Western
Union became strong. The advance met with
no serious set back. and toward the close several
IF the specialties advanced sharply. The
market closed active and strong at about the best
Hgnres of the day. Sales. 523. $40 shares
There large business in railroad bonds,
the sales aggreeatine 50. 265 0OO Green Bay in
comes contributed $3.50. 600, and Fort Worth q
Denver frsts $22l 000 Closing prices almost
Invariably showed advances. Jersey Central
debentures rose p, to 92; Denver Rio Grande
Western firsts, e. to 50; the assented bonds. ls
TO IS; Wabash general trust receipts, 2 to 81.
Government bonds and State bonds were dull
and steady. Closing quotations were: